Overview
What is Single Room Occupancy Housing Corporation?
Single Room Occupancy Housing Corporation is a nonprofit organization based in Los Angeles, California, committed to providing permanent supportive housing to over 2,000 homeless and low-income residents. Their mission goes beyond just housing, as they offer essential supportive services including case management, free meals and transportation for seniors, weekly food bank deliveries, and recreational and socialization activities. Security services are available around the clock for the safety and wellbeing of the residents. With a dedication to community revitalization, SRO Housing Corporation manages public space, administers necessary services, and aims to build a thriving community for homeless and low-income individuals with over 2,500 units, including those currently in development.
Official website here: www.srohousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
The Single Room Occupancy Housing Corporation received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial stewardship. This rating is primarily based on their high performance in areas such as board independence, audit and oversight, and financial transparency, with the organization scoring particularly well in program expenses, dedicating 91.44% of its budget to its programs.
However, there are some areas for improvement, particularly concerning their liabilities to assets ratio, which scored zero points due to a high percentage of liabilities. Furthermore, the organization is noted to be missing a whistleblower policy, which is an important aspect of governance and transparency. While their financial management appears strong, addressing these limitations could enhance their overall accountability.
Overall, the organization demonstrates a commitment to effective use of funds and governance, but stakeholders and potential donors may want to monitor their financial ratios and governance policies to ensure they align with best practices in the sector.
This AI summary has been generated from information found on Charity Navigator.
Is Single Room Occupancy Housing Corporation legitimate?
Single Room Occupancy Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Single Room Occupancy Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $477,429
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,020,681
For more financial information, click here
Official website here: www.srohousing.org
What is the mission statement of Single Room Occupancy Housing Corporation?
The Single Room Occupancy Housing Corporation is committed to creating a thriving community for homeless and low-income individuals. Through their mission of community revitalization, they provide clean, safe, and affordable housing, manage public spaces, and administer necessary supportive services to over 2,500 residents, both currently and in development. The organization goes beyond just offering housing by providing essential services such as case management, free meals and transportation for seniors, weekly food bank deliveries, and recreational and socialization activities. Security services are available around the clock to ensure the safety and well-being of the residents.
Official website here: www.srohousing.org
Who is the CEO of Single Room Occupancy Housing Corporation?
Anita Nelson is the Director of Single Room Occupancy Housing Corporation. The CEO's salary of Single Room Occupancy Housing Corporation is $386,805 and their total compensation is $435,565.
Official website here: www.srohousing.org
What is the revenue of Single Room Occupancy Housing Corporation?
Single Room Occupancy Housing Corporation's revenue in 2022 was $21,747,617.
Official website here: www.srohousing.org
Who are the executives of Single Room Occupancy Housing Corporation and what are their salaries?
The average compensation at Single Room Occupancy Housing Corporation during 2022 was $29,062. There are 258 employees and 120 volunteers at Single Room Occupancy Housing Corporation.
Here are 10 key members and their salaries (Single Room Occupancy Housing Corporation's CEO's salary is $386,805 and their total compensation is $435,565):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $386,805
- Related: $0
- Other: $48,760
- Compensation: $160,568
- Related: $0
- Other: $27,681
- Compensation: $146,665
- Related: $0
- Other: $9,723
- Compensation: $126,200
- Related: $0
- Other: $21,864
Official website here: www.srohousing.org
Where can I find the form 990 for Single Room Occupancy Housing Corporation?
Single Room Occupancy Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.srohousing.org
Learn more at the official website: www.srohousing.org
Mission Statement of Single Room Occupancy Housing Corporation
Single Room Occupancy Housing Corporation, or SRO Housing, is a nonprofit organization dedicated to constructing a thriving community for homeless and low-income individuals in Los Angeles. Through its mission, SRO Housing revitalizes communities by offering clean, safe, and budget-friendly housing, managing public areas, and administering essential supportive services to over 2,500 residents, including those under development.
SRO Housing Corporation goes above and beyond in its commitment to providing permanent, supportive housing to more than 2,000 disadvantaged men and women in Los Angeles. The organization prides itself on ensuring residents have access to vital resources, such as case management, free meals, and transportation services for seniors. Additionally, weekly food bank deliveries are made available, along with recreational and socialization activities to promote a sense of community and enhance the overall quality of life for residents. The importance of security is prioritized, with security services available around the clock.
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Impact
October, 2024
The Single Room Occupancy Housing Corporation plays a pivotal role in addressing homelessness and providing affordable housing options for low-income individuals in Los Angeles. By offering over 2,500 units, the organization ensures that vulnerable populations have access to clean, safe, and supportive living environments, significantly improving their quality of life.
Beyond housing, SRO Housing Corporation fosters community revitalization through comprehensive supportive services. With dedicated case management, residents receive personalized assistance that helps them navigate the challenges they face. Additionally, the provision of free meals, transportation services for seniors, and weekly food bank deliveries not only addresses immediate needs but also promotes overall well-being among residents.
The organization’s commitment to safety is evident through its 24-hour security services, enabling residents to feel secure in their homes. The recreational and socialization activities they offer create opportunities for engagement, helping to combat social isolation and build a sense of community among residents.
Overall, the impact of the Single Room Occupancy Housing Corporation extends far beyond housing; it cultivates a vibrant community where individuals experiencing homelessness and low-income residents can thrive, access essential services, and work towards a more stable future.
This information is meant to be a general summary of Single Room Occupancy Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,436
- Program Service Revenue: $21,621,403
- Gross Receipts: $21,747,617
Assets and Liabilities:
- Total Assets: $74,809,989
- Total Liabilities: $116,443,656
- Net Assets: -$41,633,667
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTS AND GRANTS
Revenue
$10,502,225
RENTAL INCOME
Revenue
$7,845,266
MANAGEMENT INCOME
Revenue
$960,719
PARTNERSHIP FLOW-THROUGH INCOME
Revenue
$923,231
OTHER INCOME
Revenue
$800,966
Organization Details
Founding Year
1984
Phone
(213) 229-9640Principal Officer
Anita Nelson
Main Address
1055 W 7TH STREET, LOS ANGELES, CA, 90017
Website
www.srohousing.orgNTEE Category
Code: L200 - Housing
If you are a representative of Single Room Occupancy Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.